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FOREX-Dollar falls vs yen and euro after trade data

Published 03/11/2010, 08:38 AM
Updated 03/11/2010, 08:40 AM

NEW YORK, March 11 (Reuters) -The dollar fell against the yen and euro on Thursday after the U.S. trade deficit for January came in narrower than expected.

Data on Thursday showed the U.S. trade deficit shrank to $37.29 billion in January from a revised $39.9 billion in December. Economists were expecting a deficit of $41 billion for the month.

Separately, a report showed the number of U.S. workers filing new applications for unemployment insurance fell slightly less than expected last week, a government report showed on Thursday, hinting at a slow labor market recovery. (Reporting by Nick Olivari. Editing by W Simon )

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